Auto Warranty Companies Fight For Your Business
car warranty - The world of auto warranty companies is actually a fiercely competitive one. You will find a limited variety of cars on the streets - granted, there are millions of them, and every one of them, at some time or still, has or experienced a warranty - though with the great number of companies fighting for that business of those drivers, this means that each and every car owner will be the target of some very hungry sales reps.
This is definitely a daunting position to be in for any car owner. If you are investing in a new car coming from a dealership, or buying a second hand car, you will have people selling you their warranty services.
Within the dealership, you may encounter a pushy sales person who can try everything they can to get you to sign on for the extended warranty when you help make your initial purchase. You will find good things about buying during that time, including getting the costs of the warranty rolled up in to the financing for your car, and understanding that your dealership will continue to be the spot to have any repairs or replacements done. However these comforts could end up costing you hundreds or 1000s of dollars in the end. Sales people make huge commissions on warranties, so they're eager to help you get to enroll in one. But the price that is rolled into the financing will likely be a lot higher than it would if you sought out your own quotes from third-party extended warranty providers. Granted, you will have to pay more up-front with those third-party companies, instead of adding a tiny number to your monthly car payment bills. Nevertheless it would likely help you save money.
But just as not all the car sales person has gone out to rip you off, not all third-party providers are great guys, either. The terms and conditions of the warranties they offer, although there are some risky ventures out there, so a wise shopper will compare not only the prices offered by these vendors. If a company won't let you review the warranty before you buy, don't waste your time or money - it's likely a scam, or just a really bad set of terms that will tie you to some big costs further down the road. Auto warranty companies will fight to gain you as being a client, so use that to your advantage. Compare prices, take a look at each of the terms of the warranties offered, and tell the firms you talk to “hey, cause me to the very best offer.” If they can't, someone else will.